michaelmars

Did a 1040X changing filing status from HH to S and line 6 of the 1040X had the following: QDCGTW. I'm wondering what this abbreviation stands for as it must be something new they've added? Comments?

qualified dividend, capital gain tax worksheet

its the tax table they used to calculate the lower rate tax

anyone who remembers me from the old board i am the furthest you can get from being a cheerleader. i critizised so much i got locked out on 2 occasions but i must say i have emailed tech support on 3 occasions and got positive responses each time by the next day. [maybe because i got my software free lastyear by pointing out their errors?] but we use prosystem fx here [another cch product] that costs us $20,000 this year and customer service is worse, you always get a live person, they general understand the issue, and then never get back with a resolution.

So i don;t know where everyone is going but it seems that all programs have their issues and we will just have to get used to poor support.

i came to atx when proseries tech support ran 40 minutes or so of hold time for a whole season and they didnt' issue nyc corp forms till 2 weeks before the due date.

thanks everyone and sorry for the confusion.

you are violating the very reason of forming an llc, to shield the entities activities from your other activities and assets. 3 llc's should go on 3 sch c and have 3 bank accts, books etc. NO comingling or you might as well not have the LLC andjust operate as a sch c. if the 3 activities are out of 1 llc then you should probably have 1 sch c but that is dumb. the whole point of an llc is asset protection.

OLD JACK you misunderstood or i wasn't clear, not leasehold improvements, the lease itself is what was allocated value. - not a depreciable asset, not even an asset on the books

client sold the assets of a business allocated $300 goodwill, $500 inventory $100 fixtures $600 leasehold.

My question is,is the sale of the lease ordinary or capital gains?

one llc=1 sch c

2 llc= 2 sch c

etc

i got that yesterday and somewhere i saw it ment to update the program. i did an update and then refiled. the returns went fine, made the drain and got irs accepted a few hours later

look at AROKONA - a guy here on my floor only does car dealerships and he says its good value

Maribeth is correct. Who cares if the irs knows it was reported, why open an estate just so they can follow the income. If you get a notice, answer it. Her answer is practical and the way i would do it.

he gets both he can own 2 houses and he can house his parents. but the parents shouldgive the money to him and he should pay all expenses. you are allowed 2 homes and you are allowed to house your parents.

IF an investment the expenses will be added to cost basis

alot of companies offer the calc on their website under investor relations

easy solution is to form a new LLC each time so the entity avoids too many swaps and thus dealer status

DISREGARD

CIty and state go on same forms it203 & it360. should be what u need

me too, i don't always get state filing copies when i print everything. i posted this before and last year and the year before that, only business returns and ATX is clueless as to why. i must say that it happened 85% of the time last year and only once or twice this year.

MAYBE he rented it the last few months to convert it. Perhaps Mr & Mrs Howell III wanted to rent their own boat this time around.

I don't believe you guys really have these problems, for 2-3 years ATX swore only i had the print menu items jumping around as i clicked them. Either you guys are lying or a major tax preparer software company with impeccable integrity and a policy of always doing whats best for their customers was lying to me. Next you'll tell me there is no Santa Claus either!

i had this the past few years but only once this year. its a pain but after i click all i want i would collape and then move the client doc section back on top.

i figured the entry at top of date business started would do it but oh well -thanks

Got a client that uses 20% of home for business. but this only started 10/1/07 how do i enter the percentage so that sch A items transfer correctly? - anyone have any clues?

i was locked out this community for about a week since the server changed. I appreciate your help in getting my ISP fixed.

-Michael

THE KB DOCUMENT YOU NEED IS 16568